Meeting Overview - The first extraordinary general meeting of shareholders for 2025 was held on December 26, 2025, at 15:00 [2] - The meeting combined on-site voting and online voting methods [4] - The meeting was convened by the board of directors of the company [5] Attendance - A total of 322 participants attended the meeting, representing 157,250,776 shares, which is 65.3213% of the total voting shares [7] - Among them, 319 were small shareholders, representing 7,033,176 shares, or 2.9216% of the total voting shares [7] Voting Results - The following proposals were approved during the meeting: 1. Proposal to apply for a credit limit from the bank: - Total votes in favor: 157,169,388 shares (99.9482%) [13] - Votes against: 76,588 shares (0.0487%) [13] 2. Proposal for the estimated external guarantee limit for 2026: - Total votes in favor: 157,122,940 shares (99.9187%) [15] - Votes against: 116,336 shares (0.0740%) [15] 3. Proposal to use self-owned funds for entrusted financial management: - Total votes in favor: 156,680,209 shares (99.6372%) [17] - Votes against: 562,167 shares (0.3575%) [17] 4. Proposal for insurance for directors, senior management, and prospectus liability: - Total votes in favor: 156,674,908 shares (99.6338%) [19] - Votes against: 457,088 shares (0.2907%) [19] Legal Opinion - The legal opinion provided by Beijing Jincheng Tongda (Shenzhen) Law Firm confirmed that the meeting's procedures and resolutions complied with relevant laws and regulations [20]

Group 1 - The first national standard for large models in China has been implemented, establishing a "standard base" for the artificial intelligence industry [1] - The first batch of L3 level autonomous vehicles in China has begun large-scale road operation [1] - Alibaba Tongyi Qianwen has launched version 0.5.0 of Qwen Code [1] Group 2 - The Industrial Robot Quality Strong Chain Achievement Exchange Conference was held in Beijing [2] - UBTECH has rolled off its 1000th industrial humanoid robot, Walker S2, in Liuzhou [3] - Zhaowei Electromechanical's next-generation dexterous hand is set to debut at CES [1]

证券代码：003021 证券简称：兆威机电 公告编号：2025-059 深圳市兆威机电股份有限公司 2025 年第一次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东会未出现否决提案的情形。 2、本次股东会没有涉及变更以往股东会决议。 一、会议召开和出席情况 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时 间为：2025年12月26日上午9:15-9:25，9:30-11:30，下午13:00-15:00；通过深圳证 券交易所互联网投票系统投票的具体时间为：2025年12月26日上午9:15至下午 15:00期间的任意时间。 3、会议召开地点：深圳市宝安区燕罗街道燕川社区燕湖路62号办公楼一号 会议室。 4、会议召开方式：现场表决与网络投票相结合的方式。 5、会议召集人：深圳市兆威机电股份有限公司（以下简称"公司"）董事会。 6、会议主持人：公司副董事长谢燕玲。 7、本次会议的召集、召开符合《中华人民共和国公司法》《上市公司股东会 规则》《深圳证券交易所股票上市规则》《公司章程》等有关法律、行政法 ...

北京金诚同达（深圳）律师事务所 关于 深圳市兆威机电股份有限公司 2025 年第一次临时股东会的 法 律 意 见 书 金深法意字[2025]第 413 号 深圳市福田区鹏程一路广电金融中心42层 518000 电话：0755-2223 5518 传真：0755-2223 5528 北京金诚同达（深圳）律师事务所 法律意见书 北京金诚同达（深圳）律师事务所 关于 深圳市兆威机电股份有限公司 2025 年第一次临时股东会的法律意见书 金深法意字[2025]第 413 号 致：深圳市兆威机电股份有限公司 北京金诚同达（深圳）律师事务所（以下简称"本所"）接受深圳市兆威机 电股份有限公司（以下简称"公司"）委托，指派本所律师出席了公司 2025 年 第一次临时股东会（以下简称"本次股东会"），并根据《中华人民共和国公司 法》（以下简称"《公司法》"）、《中华人民共和国证券法》、中国证券监督 管理委员会发布的《上市公司股东会规则》（以下简称"《股东会规则》"）、 《上市公司治理准则》《律师事务所从事证券法律业务管理办法》《律师事务所 证券法律业务执业规则（试行）》、深圳证券交易所（以下简称"深交所"）发 布的《深圳证券 ...

Group 1 - The core business of the company includes the research, production, and sales of micro transmission systems (63.25% of revenue), precision parts (30.44%), and precision molds and other products (6.31%) [2] - As of September 30, 2025, the company achieved a revenue of 1.255 billion yuan, representing a year-on-year growth of 18.70%, and a net profit attributable to shareholders of 181 million yuan, with a year-on-year increase of 13.86% [2] - The company has distributed a total of 333 million yuan in dividends since its A-share listing, with 192 million yuan distributed in the last three years [3] Group 2 - The company's stock price has increased by 58.68% year-to-date, with a recent 14.55% rise over the last five trading days [1] - The company has appeared on the "龙虎榜" (a stock trading list) seven times this year, with the most recent appearance on April 23, where it recorded a net purchase of 93.537 million yuan [1] - As of September 30, 2025, the number of shareholders decreased by 8.28% to 51,000, while the average circulating shares per person increased by 9.63% to 4,066 shares [2][3]

Core Insights - The company Zhaowei Electromechanical (003021) announced the upcoming launch of its next-generation dexterous hand at CES [1] - The new dexterous hand will feature 20 degrees of freedom, enhancing its functionality and versatility [1] Company Summary - Zhaowei Electromechanical is preparing to showcase its innovative product at a major technology event, indicating a focus on advanced robotics [1] - The introduction of a dexterous hand with 20 degrees of freedom suggests significant advancements in the company's technology and product offerings [1]

Core Insights - The key focus for AI in 2026 will be on reducing computing costs and the implementation of AI investments in both software and hardware, with new hardware deployment representing true incremental opportunities [1] Industry Overview - The humanoid robot industry is expected to be significantly impacted by the upcoming mass production of Tesla's Optimus robot, which is anticipated to change human interaction and productivity [2] - The analysis of the humanoid robot supply chain will cover the composition of the industry, challenges in hardware industrialization, and opportunities in humanoid robot hardware [2] Humanoid Robot Characteristics - Humanoid robots are defined by two core features: the "form" resembling a human and the "brain" that enables multi-modal perception, continuous learning, and decision-making [2][3] - Achieving the general capabilities required for humanoid robots necessitates advancements in computing power, algorithms, data, and the integration of hardware and software [3] Hardware Challenges - The hardware requirements for humanoid robots differ significantly from other industries, with some components needing to be developed from scratch, such as highly sensitive tactile sensors [4] - The cost of hardware must be sufficiently low to enable widespread adoption, as the estimated future demand for humanoid robots is substantial [4] Supply Chain Breakdown - The humanoid robot industry can be divided into upstream, midstream, and downstream segments, with a complex supply chain similar to that of the electric vehicle industry [5][6] - Upstream focuses on collaboration between manufacturers and suppliers of actuators, sensors, and control systems, with a diverse range of cooperation models [7] - Midstream consists of manufacturers of humanoid robots, primarily concentrated in the US and China, with a mix of established companies and startups [8][9] Upstream Hardware Analysis - Tesla's Optimus robot is projected to have a production capacity of 100,000 units annually by the end of 2026, with significant potential for growth in the humanoid robot market [12] - The hardware components of the Optimus robot include perception, decision-making, and execution layers, with specific focus on sensors and actuators [14][36] Sensor Technologies - Visual sensors are critical for environmental perception, with Tesla opting for a 2D camera approach, while other manufacturers may use 3D cameras and LIDAR [15] - Tactile sensors, essential for human-like interaction, face significant technological challenges and are a key area for development [16][20] - Six-dimensional force sensors are crucial for motion control, with a focus on domestic alternatives to reduce reliance on foreign suppliers [22][27] Actuator Technologies - Electric motors are the primary drive mechanism for humanoid robots, with a focus on developing high-performance, cost-effective solutions [37] - Linear and rotary actuators are essential for joint movement, with a significant emphasis on the development of planetary roller screws and gear reducers [46][58] Market Dynamics - The humanoid robot market is characterized by high entry barriers and significant opportunities in the development of tactile sensors and actuators, particularly in the context of domestic production capabilities [69]

Group 1 - The electric motor sector experienced a significant increase of 4.04% on the trading day, with Fangzheng Electric leading the gains [1] - The Shanghai Composite Index closed at 3959.62, up 0.47%, while the Shenzhen Component Index closed at 13531.41, up 0.33% [1] - Fangzheng Electric's stock price rose by 10.00% to 13.64, with a trading volume of 1.3185 million shares and a transaction value of 1.758 billion [1] Group 2 - The electric motor sector saw a net inflow of 955 million in main funds, while retail investors experienced a net outflow of 793 million [2][3] - The top performers in the electric motor sector included Jiangsu Fuli, which rose by 6.67% to 52.11, and Xiangdian Co., which increased by 6.28% to 14.39 [1] - The trading data indicates that Fangzheng Electric had a main fund net inflow of 3.8 billion, while retail investors had a net outflow of 2.58 billion [3]

Core Viewpoint - The report highlights a significant slowdown in the growth of the photovoltaic (PV) industry in China for the first ten months of the year, with a notable decline in polysilicon production and a mixed performance in demand, indicating potential challenges ahead for the sector [1][2]. Manufacturing Sector Summary - Polysilicon production decreased by 29.6% year-on-year to 1.13 million tons - Wafer production fell by 6.7% year-on-year to 567 GW - Battery cell production increased by 9.8% year-on-year to 560 GW - Module production grew by 13.5% year-on-year to 514 GW [1][2][3]. Demand Sector Summary - The domestic PV installed capacity reached 252.87 GW, a year-on-year increase of 39.5% - From January to May, new installations totaled 198 GW, reflecting a 150% year-on-year growth - However, from June to October, new grid-connected installations saw a significant decline, dropping by 46.1% year-on-year [1][2]. Industry Developments - The 2025 China PV Industry Annual Conference focused on "anti-involution" strategies, aiming to address competitive pressures within the industry [1]. - The establishment of the polysilicon platform company, Guanghe Qiancheng, marks a significant step towards consolidating polysilicon production capacity, with major stakeholders including Tongwei Co., Ltd. holding a 30.35% share [3]. Future Outlook - The industry is expected to face a dual challenge of slowing new installations and a temporary supply-demand imbalance in the supply chain by 2026 - The "anti-involution" initiatives are anticipated to accelerate industry consolidation and reshape market dynamics [3]. Investment Recommendations - For the photovoltaic sector, it is advised to focus on leading companies such as Tongwei Co. and GCL-Poly Energy, as well as technology leaders in the BC technology space like LONGi Green Energy and Aiko Solar - In the robotics sector, attention is recommended for core companies with high supply chain certainty and significant value in the industry chain, including Topband, Sanhua Intelligent Controls, Zhaowei Electric, and Meihua Holdings [5].

Group 1 - The National Robot Industry Index (980022) has increased by 0.46%, with notable stock performances including Lingyi iTech up 3.16% and Nanwang Technology up 2.36% [1] - The robot ETF E Fund (159530), which tracks the National Robot Industry Index, has seen a net inflow of over 260 million in the last two days and over 920 million in the last 20 days, with a total fund size reaching 12.704 billion [1] Group 2 - The first open robot rental platform "Qingtian Rental" was launched in Shanghai, covering over 50 core cities and more than 600 service providers, with rental prices ranging from 200 to over 10,000 yuan [3] - By 2026, the platform is expected to expand its rental services to over 200 cities, transforming the high-threshold robot usage scenarios into a convenient rental model similar to shared power banks [3] - A Morgan Stanley report indicates that while the humanoid robot market will remain hot in 2026, there are risks of hype versus practical value, with challenges in technology development and a potential shakeout of startups [3] Group 3 - The National Robot Industry Index is characterized by a significant weight of humanoid robots, with the top ten weighted stocks accounting for about 40%, including leading companies like Huichuan Technology and iFlytek [4] - The index focuses on high-growth leaders in the sector, indicating strong market competitiveness and high technical barriers [4] Group 4 - The robot ETF E Fund (159530) provides an efficient tool for investors to gain exposure to the entire robot industry chain [5] - There are also off-market fund shares available for the robot ETF, including Link A (020972) and Link C (020973) [6]